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Stock Market & Financial Investment News

News Breaks
June 10, 2014
06:04 EDTBEAVBE Aerospace announces plans to create two separate companies
B/E Aerospace announced that the company’s board has commenced a process to separate its industry-leading businesses into two independent, publicly traded companies — one focused on aircraft cabin interior equipment and the other focused on distribution, logistics and technical services for the aerospace and energy services markets. The company said that the board and management are continuing to review and aggressively pursue its strategic alternatives to enhance value to shareholders. On a pro-forma basis, Services Co. had revenues of approximately $1.6B and EBITDA of approximately $365M for the trailing 12 months ending March 31. Manufacturing Co. had revenues of approximately $2.5B and EBITDA of approximately $510M for the trailing 12 months ending March 31. The company expects that the separation of its businesses, if consummated, would take place in the first quarter of 2015. The company has retained Citigroup as its financial advisor and Shearman & Sterling LLP as its legal advisor in connection with this process.
News For BEAV From The Last 14 Days
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September 16, 2014
07:15 EDTBEAVBE Aerospace upgraded to Overweight from Neutral at JPMorgan
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06:19 EDTBEAVBE Aerospace upgraded to Overweight from Neutral at JPMorgan
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September 9, 2014
07:10 EDTBEAVGabelli to hold a conference
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September 5, 2014
10:05 EDTBEAVOn The Fly: Analyst Upgrade Summary
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08:21 EDTBEAVBE Aerospace fundamentals being largely ignored, says FBR Capital
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07:42 EDTBEAVBE Aerospace upgraded to Buy from Hold at Deutsche Bank
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06:59 EDTBEAVBE Aerospace upgraded to Buy from Hold at Deutsche Bank
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